Ampex Corp: Digital Storage Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.98

+3.4%

Jan 28 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Spitzer who wrote (795)	12/5/1996 3:19:00 AM
From: Art Ebbands	of 3256

Richard, AXC does not need to fill this gap. AXC spent a great deal of time between 8-9 on the way up & down in the spring. It need only fill a gap if it gaped to a brand new high above 15 3/4. It could come back to low 8's (don't count on it) where there would be incredible support. AXC stalled 4 times at this level before it finally broke out. Without a catalyst of some kind, it could back off to upper 8's. The stock is heavily overbought here, but can stay this way for a long time since a catalyst is expected (keepering, Ind Inv, etc.). I agree that buying in the 9's will payoff. AE

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next